Murray Goulburn Co-operative Co Limited
(ASX:MGC) has secured a long-term nutritionals supply agreement with Indonesia’s leading consumer health and infant nutrition company, Kalbe Nutritionals.
Kalbe is Indonesia’s largest publically listed health care company, which manufactures and distributes pharmaceuticals, energy drinks and nutritional products for sale in Indonesia and Asia.
Under the new long-term supply agreement Murray Goulburn has committed to supply and Kalbe has committed to purchase significant minimum annual volumes of dairy powders over time.
The company says Indonesia is an important Asian growth market for dairy foods, particularly infant formula.
Murray Goulburn reported a net profit of $9.28 million at 31 December 2015.
